Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic.

You are one ugly American. Karma will kick you hard and then harder.

Central Texas here. Tons of stories just like yours happened over the last year, especially in the Austin area. Builders purposely did things wrong in homes, or left things undone by the closing date, just to set off the buyer under contract, and as soon as the buyer gave any push-back, they pulled the contract. They'd hurry up on the completion and list the house as a QMI (quick move in) home at an additional 40%+ margin... and it would be under a new contract within 48 hours.

2020 was said to be the biggest record breaking year of all time for homebuilders... until 2021 broke that record. It's been crazy here (I'm a flooring trade partner for new residential home builders) but it's definitely taking a big dive on new sales. Only thing holding steady right now is the backlog of builds that were sold at the inflated rate. Once those get completed it's gonna slow WAY down.

Lenders want you to be employed, not sucking Biden’s free money teet!

It depends on what you call culture? Inner city Detroit? Inner city Baltimore? Yeah, I'll take rural American culture of family and values, than your idea of culture of drug addict, criminals, and murders. Enjoy your high cultural enrichment. T

he big city has better pictures of Italy? I certainly can't afford to visit there no matter where I live.

Then the buttfuckers at blackrock will just buy them all up again.

Also in Tennessee.

We have had lots of building and apartments being built for several years ((started noticing around 2010). They have been encroaching on where I am, I've been in the area for over 30 years and rarely any new building around me, til now.

Apartments going up fast and all over, roads are already small and limited. The roads cannot hold more people. Taxes went up for infrastructure, but a year later even more apartments and no plans for infrastructure.

"High culture" lol fuck you

Not seeing this at the beach

They do have a contract drawn up by the lawyers. Apparently, coop boards in nyc have enormous power and they decided Friend was getting too good of a deal on the apartment and they had an appraisal adding almost thirty grand to the value of the apartment. Friend is very very very upset as they are about to lose this good deal.

Go ahead and move back to your parents basement, shill. We don't want you in florida anyway. I can't wait for the "flowery" response...

The big trend now for homebuilders and developers is rental homes. Entire communities, just like you'd see for private ownership but they are all rentals. 1000+ homes per community in the larger developments.
These homes are pretty basic, nothing fancy, but typically 2000 - 2500 sqft, mostly 2 story.

Word is, the financial backing for the developers and the property management companies are controlled by Chinese holding companies.
Think about that for a second.... let it sink in.
An entire community of 1000 residents / families can literally get evicted or have all utilities cut off all at once if the folks in those holding companies decide to do so.

This trend of "Built To Rent" has been evolving over the last few years and is taking off like crazy. In 2018 i was involved in my first one, but just last week we were awarded the contract for 12 new communities to be started up by the end of this year. Each community will average around 500 homes. Weird thing is, each community is located extremely close to each other. All built by the same builder, and same floor plans (more or less). I guess that's to give off the perception of having some sort of distinction to the renters of the homes.. so it doesn't "feel" like they are living in much of a concentration.

.

Yeah fuck all of you back. You're just proving my point. Why would anyone want to be around that all day everyday for the rest of their life voluntarily?

I'm not talking about Southern culture, I'm talking about low brow disgusting dirty dumb ass culture. If you want to live like that, fine go ahead. Nothing wrong with a trailer on land. It's SQUALOR and STUPIDITY I can't take anymore. For some of you a squalid trailer park filled with garbage, chickens, registered sex offenders and pitt bulls is heaven. Good for you.


Some of you are contradicting the post. the market is still hot, less people have cash this month, that is all. the market will swing up again in the fall when people complete their moves in September.

Type is Single family homes in Nashville 600k and under.

There is NOTHING. Nothing but crap lots and the ghettoes or way the f out 25 miles.

Good luck with your "down" market.

It's probably worth at least $200k now.

Best time in history to buy was in 2011-2012, the true bottom of the great housing market recession.

Here in Hungary the market has, up to now at least, been unscathed by speculative real estate purchases. 2 Years ago we paid $70k cash for an all brick 2 story 7br 4ba farmhouse on 2 acres, hand dug well with drinkable water, 250 Bordeux grape vines, fruit trees, a custom 100 Sq meter wine cellar with liveable guest house built around it all in beautiful quiet rural area with horse farms and nice neighbors. The point is not to brag, but to demonstrate what a property like this should cost in America right now. This house in my home town of Park City, Utah would cost upwards of 2-4 million. So prices have a very long way to fall. Don't be a sucker and sell your house now while you can.

All those folks have mortgages, even the supposedly wealthy ones, they too are going down...they will all lose their homes soon enough. No jobs, no money, no home..

This how you described nearly the entire state of Florida
"For the most part it's a horrible place, devoid of any high culture at all"

This was my response to you
"It depends on what you call culture? Inner city Detroit? Inner city Baltimore? Yeah, I'll take rural American culture of family and values, than your idea of culture of drug addict, criminals, and murders. Enjoy your high cultural enrichment.
The big city has better pictures of Italy? I certainly can't afford to visit there no matter where I live."

True.

When we were stationed in Jacksonville, I was ready to stick a fork in my eye.

Funny thing from a girl who grew up in Arkansas? Difference is, the yahoos in Arkansas know they are ignorant. The jackasses in Jacksonville are quite full of themselves and think themselves sophisticates. Just having to talk to them was migraine inducing.